By: Heba El Kordi
Cairo – Mubasher: Ibnsina Pharma’s initial public offering (IPO) has been 18.34 times oversubscribed, according to Nabil Hashem, head of institutions at Mubasher Financial Services (MFS).
Order volumes amounted to EGP 741.42 million shares against the total offer shares in the IPO of 40.4 million shares, Hashem told Mubasher.
The Egyptian Exchange (EGX) extended the period for registering IPO orders for Ibnsina Pharma in the secondary market for an hour.
Last month, the EGX approved the preliminary listing of Ibnsina Pharma’s shares. The company’s capital amounts to EGP 168 million distributed across 672 million shares at EGP 0.25 per share.